Nigeria Continues Economic Consolidation as Finance Minister Projects 4.7% Growth in 2026
By GLEBM News Desk
Nigeria’s Finance Minister says the economy will grow by 4.7% in 2026 as government focuses on consolidating reforms and delivering wider benefits to citizens.
Nigeria’s economy is projected to expand by 4.7 per cent in 2026, the Wale Edun has said, as the government continues efforts to consolidate gains from structural economic reforms introduced over the past two years.
Edun, who also serves as the Minister of Finance and Coordinating Minister for the Economy, made the projection in statements reported on 15 January 2026, underscoring the Federal Government’s commitment to delivering tangible economic benefits to Nigerians.
According to reports, the government’s economic outlook for 2026 reflects policy measures aimed at sustaining macroeconomic stability, boosting investor confidence, and increasing output across key sectors including agriculture, manufacturing, and services.
Nigeria has implemented sweeping reforms in areas such as foreign exchange policy, tax administration, and fiscal transparency, which authorities say have contributed to improved economic indicators in recent quarters.
In addition to the growth projection, government officials have emphasised the importance of broadening the tax base, enhancing revenue mobilisation, and deepening private sector participation to support inclusive growth.
The economic forecast comes amid complementary calls by the Nigerian Economic Summit Group (NESG) for government and industry stakeholders to consolidate recent stabilisation gains and pursue sustainable growth strategies.
Business leaders responding to the growth outlook said that while the projection is encouraging, the realisation of higher economic output will depend on continued policy consistency, improvements in infrastructure, and efforts to address structural bottlenecks.
Private sector analysts have noted that sustained expansion through 2026 will require targeted investment in critical sectors such as energy, digital services, and export-oriented manufacturing, alongside reforms that encourage enterprise growth and job creation.
The government’s 2026 economic strategy underscores balancing short-term stabilisation with longer-term transformation to foster a resilient and inclusive economy that can withstand external shocks and deliver better living standards for Nigerians.
— GLEBM News
